2026 Rankings

Best Banks in Minnesota

50 banks in Minnesota ranked by our TFS Financial Health Grade. Scores based on capital adequacy, asset quality, earnings, and consumer protection data.

Rank	Institution	City	Assets	Score	Grade
1	First National Bank North	Walker	$845.5M	85.7	B
2	Security State Bank of Marine	Marine On St. Croix	$232.1M	84.5	B
3	Eagle Bank	Glenwood	$223.6M	83.3	B
4	Lake Elmo Bank	Lake Elmo	$531.4M	83.1	B
5	PrinsBank	Prinsburg	$210.1M	82.7	B-
6	Elysian Bank	Elysian	$76.5M	82.7	B-
7	Premier Bank Minnesota	Hastings	$710.0M	81.2	B-
8	Lake Central Bank	Annandale	$287.1M	81.0	B-
9	American Heritage National Bank	Long Prairie	$586.6M	80.5	B-
10	Security State Bank of Kenyon	Kenyon	$72.2M	80.4	B-
11	Farmers and Merchants State Bank of Springfield	Springfield	$141.4M	79.0	C+
12	Neighborhood National Bank	Mora	$308.7M	78.8	C+
13	Gateway Bank	Mendota Heights	$301.5M	78.8	C+
14	First Security Bank - Canby	Canby	$85.3M	78.7	C+
15	Security Bank USA	Bemidji	$261.6M	78.7	C+
16	Security State Bank of Oklee	Oklee	$47.3M	78.5	C+
17	First Farmers & Merchants National Bank	Luverne	$243.8M	78.5	C+
18	Center National Bank	Litchfield	$232.7M	78.1	C+
19	Keen Bank, National Association	Waseca	$199.5M	77.9	C+
20	Peoples State Bank of Wells	Wells	$62.1M	77.8	C+
21	The First National Bank of Milaca	Milaca	$283.9M	77.8	C+
22	First State Bank and Trust	Bayport	$473.2M	77.6	C+
23	Farmers State Bank of Underwood	Underwood	$113.5M	77.5	C+
24	Northern State Bank of Virginia	Virginia	$101.3M	77.3	C+
25	State Bank of Jeffers	Jeffers	$37.7M	77.3	C+
26	Sherburne State Bank	Becker	$337.4M	77.3	C+
27	Peoples State Bank of Plainview	Plainview	$410.5M	77.3	C+
28	Premier Bank	Maplewood	$1.1B	77.3	C+
29	Security Bank & Trust Company	Glencoe	$1.3B	77.0	C
30	The Miners National Bank of Eveleth	Eveleth	$99.5M	76.8	C
31	State Bank of Easton	Easton	$28.0M	76.7	C
32	Home State Bank	Litchfield	$208.6M	76.7	C
33	First Financial Bank in Winnebago	Winnebago	$58.8M	76.6	C
34	Park State Bank	Duluth	$1.5B	76.2	C
35	Welcome State Bank	Welcome	$44.2M	76.2	C
36	21st Century Bank	Loretto	$875.9M	76.0	C
37	Farmers State Bank of Trimont	Trimont	$77.8M	76.0	C
38	Concorde Bank	Blomkest	$87.3M	76.0	C
39	The First National Bank of McIntosh	Mcintosh	$43.9M	76.0	C
40	Pioneer Bank	Mapleton	$896.8M	75.8	C
41	Eagle Rock Bank	Rochester	$272.2M	75.7	C
42	State Bank of Chandler	Chandler	$70.1M	75.5	C
43	Security State Bank of Wanamingo	Wanamingo	$113.6M	75.5	C
44	Grand Marais State Bank	Grand Marais	$122.9M	75.5	C
45	Merchants Bank, National Association	Winona	$2.9B	75.3	C
46	Liberty Bank Minnesota	Saint Cloud	$284.0M	75.3	C
47	Stearns Bank National Association	Saint Cloud	$3.3B	75.3	C
48	Lakeview Bank	Lakeville	$188.2M	75.3	C
49	Frandsen Bank & Trust	Lonsdale	$3.7B	75.2	C
50	First State Bank of Le Center	Le Center	$113.8M	75.2	C

Rankings based on TFS Financial Health Grades, calculated from FDIC quarterly financial data. Scores reflect capital adequacy, asset quality, earnings, liquidity, growth, and consumer protection metrics.Learn about our methodology

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